Our-in depth analysis of the global cloud server market includes the following segments:
Global cloud server market is further classified on the basis of region as follows:
The cloud server market, in terms of value, is expected to grow rapidly during the forecasted period at a CAGR of around 18.23%. Business enterprises deploy cloud infrastructure which creates market opportunity for infrastructure as a service providers to establish their presence in cloud server market. Through cloud server, employees can access their work related information from anywhere. Automation is one of the key factors for this technology due to which businesses do not require a team to handle system updates and back-ups; this stimulates the growth of cloud server market globally.
North America holds the largest market share in terms of revenue as most of the business enterprises adopt the cloud computing technologies for real-time data accessibility. Increase in demand for secure server has made many organizations to adopt the cloud computing which bolster the growth of cloud server market.Europe is the second largest in cloud server market share in terms of revenue due to the presence of tremendous opportunities for cloud server market in government sector. Technology awareness among consumers also stimulates the growth of cloud server market in this region.Asia Pacific is anticipated to be the fast growing market due to the increase usage of virtualization infrastructure and adoption of cloud based services. Increasing awareness about cloud server among developing economies such as China, India and Japan will drive the market demand in this region.Latin America and Middle East region such as Argentina, Brazil, Saudi Arabia and UAE are anticipated to grow at a significant pace due to increasing opportunities for industry participants.
No deployment, mobility and lesser costs are the major factors for the growth of cloud server market globally. Cloud servers are gaining popularity and are used by many businesses across the globe. Immediate resource allocation, globally connected servers and availability of enterprise grade hardware at low cost drives the growth of cloud server market globally.With the help of cloud servers, multiple networks can be interconnected to deliver data storage services across the globe. Automation is one of the key attractions of cloud server which helps to release essential internal resources for other high-priority work.
Security is the major concern for cloud server market as these services can be easily accessed through wireless network from all users due to which many enterprises do not want to take a risk to adopt cloud server for critical business applications.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.